UK's FCA unveils plan to support asset management tokenization

The UK's Financial Conduct Authority (FCA) has announced a plan to support tokenization within the local asset management industry as part of an innovation drive, DL News reported. The plan includes operational guidelines for fund tokenization, the introduction of alternative trading models, and a regulatory roadmap to allow asset managers to settle trades directly on public blockchains. The FCA expects asset tokenization to reduce operating costs while improving transparency and investment accessibility.